Jefferies Financial Group Inc. $JEF Shares Purchased by Shelton Wealth Management LLC

Key Points

• Shelton Wealth Management LLC increased its stake in Jefferies Financial Group by 38.7% during Q2, acquiring an additional 5,667 shares for a total of 20,306 shares worth approximately $1.11 million.
• Jefferies Financial Group reported $0.40 earnings per share for its latest quarter, missing analysts' estimates by $0.04 and experiencing a 1.3% year-over-year revenue decline.
• The company has declared a quarterly dividend of $0.40 per share, indicating an annualized dividend yield of 2.3% and a payout ratio of 60.38%.

Shelton Wealth Management LLC grew its holdings in Jefferies Financial Group Inc. (NYSE:JEF - Free Report) by 38.7% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 20,306 shares of the financial services provider's stock after purchasing an additional 5,667 shares during the quarter. Shelton Wealth Management LLC's holdings in Jefferies Financial Group were worth $1,111,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Elequin Capital LP raised its holdings in shares of Jefferies Financial Group by 117.9% in the 1st quarter. Elequin Capital LP now owns 549 shares of the financial services provider's stock valued at $29,000 after purchasing an additional 297 shares in the last quarter. JCIC Asset Management Inc. boosted its holdings in shares of Jefferies Financial Group by 193.8% in the 1st quarter. JCIC Asset Management Inc. now owns 705 shares of the financial services provider's stock valued at $38,000 after buying an additional 465 shares in the last quarter. GAMMA Investing LLC boosted its holdings in shares of Jefferies Financial Group by 123.9% in the 1st quarter. GAMMA Investing LLC now owns 1,151 shares of the financial services provider's stock valued at $62,000 after buying an additional 637 shares in the last quarter. IFP Advisors Inc boosted its holdings in shares of Jefferies Financial Group by 87.9% in the 1st quarter. IFP Advisors Inc now owns 1,387 shares of the financial services provider's stock valued at $74,000 after buying an additional 649 shares in the last quarter. Finally, BI Asset Management Fondsmaeglerselskab A S bought a new stake in shares of Jefferies Financial Group in the 1st quarter valued at about $78,000. Institutional investors own 60.88% of the company's stock.

Jefferies Financial Group Stock Performance

Shares of NYSE:JEF traded down $1.31 during trading on Tuesday, hitting $68.35. 689,523 shares of the stock traded hands, compared to its average volume of 1,775,377. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 1.68. The company has a market cap of $14.10 billion, a price-to-earnings ratio of 25.83 and a beta of 1.49. The company has a fifty day moving average price of $61.37 and a two-hundred day moving average price of $54.82. Jefferies Financial Group Inc. has a 52-week low of $39.28 and a 52-week high of $82.68.

Jefferies Financial Group (NYSE:JEF - Get Free Report) last posted its earnings results on Wednesday, June 25th. The financial services provider reported $0.40 earnings per share for the quarter, missing the consensus estimate of $0.44 by ($0.04). The firm had revenue of $1.63 billion for the quarter, compared to analysts' expectations of $1.64 billion. Jefferies Financial Group had a net margin of 7.70% and a return on equity of 6.59%. Jefferies Financial Group's revenue for the quarter was down 1.3% compared to the same quarter last year. During the same period last year, the firm earned $0.64 earnings per share. As a group, equities analysts predict that Jefferies Financial Group Inc. will post 4.41 EPS for the current year.

Jefferies Financial Group Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, August 29th. Stockholders of record on Monday, August 18th were issued a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 2.3%. The ex-dividend date of this dividend was Monday, August 18th. Jefferies Financial Group's payout ratio is 60.38%.

Analyst Upgrades and Downgrades

JEF has been the topic of a number of recent analyst reports. Morgan Stanley raised their price target on shares of Jefferies Financial Group from $54.00 to $72.00 and gave the company an "equal weight" rating in a report on Monday, September 8th. Wall Street Zen upgraded shares of Jefferies Financial Group from a "sell" rating to a "hold" rating in a report on Saturday. Finally, Zacks Research upgraded shares of Jefferies Financial Group from a "strong sell" rating to a "hold" rating in a report on Thursday, September 4th. One research analyst has rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price of $71.67.

Jefferies Financial Group Profile

Jefferies Financial Group Inc operates as an investment banking and capital markets firm in the Americas, Europe, the Middle East, and the Asia-Pacific. The company operates in two segments, Investment Banking and Capital Markets, and Asset Management. It provides investment banking, advisory services with respect to mergers or acquisitions, debt financing, restructurings or recapitalizations, and private capital advisory transactions; underwriting and placement services related to corporate debt, municipal bonds, mortgage-backed and asset-backed securities, equity and equity-linked securities, and loan syndication services; and corporate lending services.